The Floating Price for each contract month is equal to the arithmetic average of all available price assessments published for Iron ore fines 58% Fe, low alumina – CFR China in the given calendar month by The Steel Index.

Termination Of Trading

Trading shall cease on the last business day of the contract month. If the last business day of the contract month is a Singapore banking holiday, the last trade date will be the business day immediately preceding the holiday.

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